Stocks making the biggest moves premarket: DoorDash, Didi, Philips and others

cnbc.com:

In this article

Check out the companies making headlines before the bell:

DoorDash (DASH) – The stock added 2.6% in the premarket after Evercore upgraded it to «outperform» from «in line.» Evercore said the delivery service has strong fundamentals and the stock is at an attractive valuation. Separately, Meta Platforms (FB) named DoorDash CEO Tony Xu to its board of directors, the first new appointment to the Facebook parent's board in nearly two years.

Didi Global (DIDI) – The ride-hailing company's shares rallied 5.9% in premarket trading on reports that it is in talks for a second-quarter Hong Kong IPO as it continues the process of delisting from the New York Stock Exchange.

Philips (PHG) – Philips shares tumbled 15.6% in premarket action after predicting a roughly 40% drop in core profit for the fourth quarter. The Dutch health technology company's results are being impacted by component shortages, its ventilator recall and other factors.

Ocugen (OCGN) – The biopharmaceutical company's stock jumped 5.5% in premarket trading after a booster dose of its vaccine candidate Covaxin was shown to neutralize the Covid-19 omicron and delta variants.

Aerojet Rocketdyne (AJRD) – The FTC has postponed a vote on Lockheed Martin's (LMT) proposed takeover of the aerospace systems maker for at least two weeks, according to people briefed on the matter who spoke to Reuters. Opponents of the deal say it would give Lockheed a dominant share of the market for rocket motors. Aerojet Rocketdyne shares added 3% in the premarket.

Biogen (BIIB) – Biogen shares sank 9.1% in premarket trading after Medicare agreed to only partially cover the Alzheimer's drug Aduhelm. Medicare will cover the treatment only if patients are enrolled in clinical